Dubai's Parkin reports 8% Q1 revenue increase, anticipates Dh4 million Q2 impact due to heavy rains.
Dubai's Parkin, the sole operator of public parking spaces, reported an 8% increase in Q1 revenues, driven by increased public parking revenue, seasonal permits, and developer parking demand. However, the company anticipates a Dh4 million impact on Q2 revenues due to service disruption from heavy rains in mid-April. Parkin's total revenues reached Dh215.3 million in Q1.
May 09, 2024
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